Malaysia

Market Infrastructure

BNM Launches Shariah-compliant Benchmark Rate, MYOR-i

By Editors | 28/03/2022

The establishment of MYOR-i as the Islamic benchmark rate will be a catalyst in driving Islamic financial product innovation, BNM says.

Fintech / Regtech

Malaysian Minister Rules Out Possibility of Bitcoin as Legal Tender

By Editors | 24/03/2022

Malaysia’s deputy finance minister said cryptocurrencies are not suitable for use in payments. Earlier this week another minister called for the government to adopt crypto as legal tender.

ESG / Sustainability

Bursa Malaysia to Enhance Sustainability Reporting Framework

By Manesh Samtani | 24/03/2022

Listed issuers will be required to disclose prescribed “common sustainability matters” and indicators and provide TCFD-aligned climate change related disclosures.

Fintech / Regtech

Malaysia SC Registers Two IEO Platform Operators

By Editors | 24/03/2022

The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.

Fintech / Regtech

BIS, Central Banks Complete Development of Multi-CBDC Prototypes

By Sanday Chongo Kabange | 23/03/2022

The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.

Fintech / Regtech

Malaysian Minister Calls for Adoption of Bitcoin as Legal Tender

By Editors | 23/03/2022

Deputy minister Zahidi Zainul Abidin says the government should consider adopting bitcoin and other cryptocurrencies as legal tender.

Securities / Derivatives

Bursa Malaysia Adds e-DRP Functionality to Mobile App

By Editors | 22/03/2022

The new feature allows investors to participate in Dividend Reinvestment Plan corporate exercises electronically.

Big Picture

Malaysian Banks Exposed to Nature-related Financial Risks

By Ranamita Chakraborty | 17/03/2022

A new report finds that Malaysian banks are vulnerable to a wide range of natural-related risks through their loan books.

AML / KYC

1MDB: Ex-BNM Governor’s Husband Embroiled in Police Probe

By Sanday Chongo Kabange | 04/03/2022

The police, rather than the anti-corruption commission, are investigating Datuk Tawfiq Ayman and his alleged involvement in 1MDB.